Information Discovery
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Information Discovery
Information Discovery is a term used in the legal and corporate industry which refers to the steps involved in distilling a corporation’s data corpus down to the most pertinent evidence pertaining to a court-related matter or compliance directive. The major information discovery steps include: managing the entire data collection in a manner to identify all pertinent evidence associated with the matter, targeting that information for collection (forensically or otherwise), processing and identification (culling) of relevant data, and processing for document hosting and legal document/information review. Global organizations deal with legal discovery and disclosure request for electronically stored information “ESI” and paper documents on a regular basis. The massive emergence of evidence in electronic format, and the emergence of entirely new forms of evidence, present a number of cultural, practical, and legal challenges to both corporations and their law firms. Managing ...
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Electronically Stored Information
Electronically stored information (ESI), for the purpose of the Federal Rules of Civil Procedure (FRCP) is information created, manipulated, communicated, stored, and best utilized in digital form, requiring the use of computer hardware and software.''Electronically Stored Information: The December 2006 Amendments to the Federal Rules of Civil Procedure''
, Kenneth J. Withers, Northwestern Journal of Technology and Intellectual Property, Vol.4 (2), 171
ESI has become a legally defined phrase as the U.S. government determined for the purposes of the FRCP rules of 2006 that promulgating procedures fo ...
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Electronic Discovery
Electronic discovery (also ediscovery or e-discovery) refers to discovery in legal proceedings such as litigation, government investigations, or Freedom of Information Act requests, where the information sought is in electronic format (often referred to as electronically stored information or ESI). Electronic discovery is subject to rules of civil procedure and agreed-upon processes, often involving review for privilege and relevance before data are turned over to the requesting party. Electronic information is considered different from paper information because of its intangible form, volume, transience and persistence. Electronic information is usually accompanied by metadata that is not found in paper documents and that can play an important part as evidence (e.g. the date and time a document was written could be useful in a copyright case). The preservation of metadata from electronic documents creates special challenges to prevent spoliation. In the United States, at the f ...
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Early Case Assessment
Early case assessment refers to estimating risk (cost of time and money) to prosecute or Lawyer, defend a legal case. Global organizations deal with legal discovery and Discovery (law), disclosure requests for electronically stored information "ESI" and paper documents on a regular basis. Over 90% of all cases settle prior to trial. Often an organization will spend significant time and money on a case only to find they want to settle for whatever reason. Legal discovery costs are usually the most burdensome financially to both plaintiff and defendant. Often, and during cases in the United States, an opposing party will strategize on how to make it as difficult as possible for you to comply with the discovery process, including time and cost to respond to discovery requests. Because of this, organizations have a continued need to conduct early case assessment to determine their risks and wikt:benefits, benefits of taking a case to trial without painful settlement discussions. ...
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Cloud Services
Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed computing, distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a "pay as you go" model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users. Value proposition Advocates of public and hybrid clouds claim that cloud computing allows companies to avoid or minimize up-front IT infrastructure costs. Proponents also claim that cloud computing allows Company, enterprises to get their Application software, applications up and running faster, with improved manageability and less maintenance, and that it enables IT teams to more rapidly adjust resources to meet fluctuating and unpredictable demand, provi ...
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Insourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity which otherwise is or could be carried out internally, i.e. in-house, and sometimes involves transferring employees and assets from one firm to another. The term ''outsourcing'', which came from the phrase ''outside resourcing'', originated no later than 1981. The concept, which ''The Economist'' says has "made its presence felt since the time of the Second World War", often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call center/call center support. The practice of handing over control of public services to private enterprises (privatization), even if conducted on a limited, short-term basis, may also be described as outsourcing. Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring ( ...
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Knowledge Discovery
Knowledge extraction is the creation of Knowledge representation and reasoning, knowledge from structured (relational databases, XML) and unstructured (text (literary theory), text, documents, images) sources. The resulting knowledge needs to be in a machine-readable and machine-interpretable format and must Knowledge representation and reasoning, represent knowledge in a manner that facilitates inferencing. Although it is methodically similar to information extraction (Natural language processing, NLP) and extract, transform, load, ETL (data warehouse), the main criterion is that the extraction result goes beyond the creation of structured information or the transformation into a Database schema, relational schema. It requires either the reuse of existing Knowledge representation and reasoning, formal knowledge (reusing identifiers or ontologies) or the generation of a schema based on the source data. The RDB2RDF W3C group is currently standardizing a language for extraction of Re ...
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Legal Governance, Risk Management, And Compliance
Legal governance, risk management, and compliance (LGRC) refers to the complex set of processes, rules, tools and systems used by corporate legal departments to adopt, implement and monitor an integrated approach to business problems. While Governance, Risk Management, and Compliance refers to a generalized set of tools for managing a corporation or company, Legal GRC, or LGRC, refers to a specialized – but similar – set otoolsutilized by attorneys, corporate legal departments, general counsel and law firms to govern themselves and their corporations, especially but not exclusively in relation to the law. Other specializations within the realm of governance, risk management and compliance include IT GRC and financial GRC. Within these three realms, there is a great deal of overlap, particularly in large corporations that have legal and IT departments, as well as financial departments. Legal governance Legal governance refers to the establishment, execution and interpretation of ...
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Early Case Assessment
Early case assessment refers to estimating risk (cost of time and money) to prosecute or Lawyer, defend a legal case. Global organizations deal with legal discovery and Discovery (law), disclosure requests for electronically stored information "ESI" and paper documents on a regular basis. Over 90% of all cases settle prior to trial. Often an organization will spend significant time and money on a case only to find they want to settle for whatever reason. Legal discovery costs are usually the most burdensome financially to both plaintiff and defendant. Often, and during cases in the United States, an opposing party will strategize on how to make it as difficult as possible for you to comply with the discovery process, including time and cost to respond to discovery requests. Because of this, organizations have a continued need to conduct early case assessment to determine their risks and wikt:benefits, benefits of taking a case to trial without painful settlement discussions. ...
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Risk Management In Business
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, Environmental science, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and generic guidelines on managing risks faced by organi ...
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